I could be wrong here (have been plenty in the past), but this NASDAQ:NVDA chart doesn't really scream bullish. Wedging back up into potential right shoulder. There are some names that are showing strength & holding but still feels that exposure need to remain a bit low here. Tricky!
Holding above its recent breakout and showing uptrending RS line against the market. Nice pivot right on top of its 50 moving average line. Top notch fundamentals as well.
Liquid stock in enterprise software setting a nice cup with handle pattern. Very look risk entry right here. Focus list for me tomorrow.
This liquid leader is getting tight at its 50 MA. Liquid AI leader. Tricky spot as this could go either way. Infliction point tomorrow. Big watch item.
If institutions really want NYSE:SHOP , it should stat finding support here and turning back up. Let's see how it continues to react to its 50 MA.
NASDAQ:IBKR refuses to give in showing clear out performance with this market retreat. Still holding above its recent base breakout. One to watch.
NASDAQ:AMZN looks interesting pulling back after its earning gap up. * Earning gap up on volume * pullback to 50 MA * Closing the gap on much lower volume * Stabilizing and turning back up
NASDAQ:MSTR setting up clean pivot while testing its 50 MA for the first time after a powerful base breakout. Pure technical/momentum trade.
NYSE:ANET presenting a possible pullback buy to start scaling in ahead of a potential cheat breakout later on. One I will be watching heading into next week.
Very torn on NASDAQ:TSLA No doubt a stock I would love to participate in. Setting a tight low risk entry here BUT if you flip to the weekly, the wide range outside week on volume sticks like a soar thumb. + 200 MA just hardly flatting out + an earning gap down just above (=potential supply). What do you think? Yay or Nay?
I bought NASDAQ:PGNY last wed on this pullback by setup (blue dash entry). It now setup another potential entry to size up with cup with handle base. 4 days to earnings makes it a tough trade to add to or initiate. But looks good.
NASDAQ:MNDY also failed breakout reset setup. Attempted to breakout on the 17th and failed back to its rising 50 MA. OBV holding close to is recent highs and U/D holding above 2. Not much selling going on while this tries to build up energy for its next thrust higher.
NASDAQ:MDB looking like a failed breakout rest setup heading into early next week. Volume pattern since earning powered gap up has been exceptional increasing the odds of the stock continuing its march into higher grounds.
NASDAQ:SHLS in #SOLAR group been holding up extremally well compared to others. Looks like institutions quietly buying this one. Its getting tight now and potentially ready to move out.
NYSE:AI a 99 RS name (relative strength rating) is starting to look very interesting here. * Vol drying up (check) * Price & Trend tightening up (check) * OBV trending up and holding new highs (check)
NYSE:PLTR setting a pullback buy setup in its #powerplay pattern but that long upper shadow doji like shooting star on the weekly is sticking out like s soar thump. I would rather see this push down and test its 50 MA and building a new larger base.
NYSE:SHOP been very choppy in this area but tested 50 MA couple weeks back and had a strong 4 day bounce to new highs. The stock has now pulled back to the 21 EMA and has the looks of a pullback buy setup.
I bought this NASDAQ:IMCR pullback buy setup on July 5th and got stopped out for 5% gain. It is potentially setting put another pullback buy setup. Previous entry and exit on chart marked as dashes.